Great Harbor Collection Inc
Great Harbor Collection Inc shows consistent growth and no reported officer compensation in its last three active filings.
EIN: 10383492 · Ne Harbor, ME · NTEE: A540 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $34K |
| Program Spending | 80% |
| Net Assets | $105K |
| Transparency Score | 85/100 |
Is Great Harbor Collection Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Great Harbor Collection Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Great Harbor Collection Inc
Great Harbor Collection Inc (EIN: 10383492) is a nonprofit organization based in Ne Harbor, ME, classified under NTEE code A540. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Great Harbor Collection Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Great Harbor Collection Inc is a micro nonprofit that has been operating for 44 years, with 3 years of IRS 990 filings on record (2011–2013). Revenue has grown at a compound annual rate of 22.6%.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
| Total Revenue | $47K |
| Total Expenses | $34K |
| Surplus / Deficit | +$13K |
| Total Assets | $106K |
| Total Liabilities | $2K |
| Net Assets | $105K |
| Operating Margin | 27.0% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 37.1 months |
Financial Health Grade: A
In 2013, Great Harbor Collection Inc reported a surplus of $13K with revenue exceeding expenses, holds 37.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 3 years of filings (2011–2013), Great Harbor Collection Inc's revenue has grown at a compound annual growth rate (CAGR) of 22.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2013 | +8.0% | +14.9% | +14.8% |
| 2012 | +39.2% | +32.1% | +15.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Great Harbor Collection Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Great Harbor Collection Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $13K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.7%.
Executive Compensation Analysis
No officer compensation was reported in any of the three filings, suggesting a volunteer-led structure or compensation below reporting thresholds, which is positive for a small organization of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Great Harbor Collection Inc's IRS 990 filings:
- Latest reported revenue and assets are $0, indicating potential inactivity or data reporting issues.
- Lack of recent financial data makes current assessment difficult.
Strengths
The following positive indicators were identified for Great Harbor Collection Inc:
- Consistent revenue growth from 2011 to 2013.
- Healthy asset growth and low liabilities in active years.
- No reported officer compensation, suggesting low administrative overhead.
- Expenses consistently lower than revenue, indicating financial sustainability.
Frequently Asked Questions about Great Harbor Collection Inc
Is Great Harbor Collection Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Great Harbor Collection Inc (EIN: 10383492) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Great Harbor Collection Inc spend its money?
Great Harbor Collection Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Great Harbor Collection Inc tax-deductible?
Great Harbor Collection Inc is registered as a tax-exempt nonprofit (EIN: 10383492). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Great Harbor Collection Inc's spending goes to programs?
Great Harbor Collection Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Great Harbor Collection Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Great Harbor Collection Inc is above average for NTEE category A540 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Great Harbor Collection Inc located?
Great Harbor Collection Inc is headquartered in Ne Harbor, Maine and files with the IRS under EIN 10383492. It is classified under NTEE code A540.
How many years of IRS 990 filings does Great Harbor Collection Inc have?
Great Harbor Collection Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is Great Harbor Collection Inc a good charity?
Based on the available historical data, Great Harbor Collection Inc demonstrated sound financial management, consistent growth in assets, and no reported officer compensation, which are positive indicators. However, the most recent $0 revenue and assets data point requires further investigation to confirm current operational status.
What is the trend in Great Harbor Collection Inc's revenue?
From 2011 to 2013, Great Harbor Collection Inc showed a positive revenue trend, increasing from $31,419 in 2011 to $47,237 in 2013. The latest reported $0 revenue is an anomaly that needs clarification.
How has Great Harbor Collection Inc's asset base changed?
The organization's assets grew consistently, from $80,057 in 2011 to $106,481 in 2013, indicating effective financial stewardship and accumulation of resources. The latest reported $0 assets is an anomaly.
Filing History
IRS 990 filing history for Great Harbor Collection Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2011–2013), Great Harbor Collection Inc's revenue has grown by 50.3%, moving from $31K to $47K. Total assets increased by 33% over the same period, from $80K to $106K. Total functional expenses rose by 51.8%, from $23K to $34K. In its most recent filing year (2013), Great Harbor Collection Inc reported a surplus of $13K, with revenue exceeding expenses. The organization holds $2K in liabilities against $106K in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $105K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2013 | $47K | $34K | $106K | $2K | — | View 990 |
| 2012 | $44K | $30K | $93K | $857 | — | View 990 |
| 2011 | $31K | $23K | $80K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2013: Revenue of $47K, expenses of $34K, and assets of $106K (revenue +8.0% year-over-year).
- 2012: Revenue of $44K, expenses of $30K, and assets of $93K (revenue +39.2% year-over-year).
- 2011: Revenue of $31K, expenses of $23K, and assets of $80K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Great Harbor Collection Inc:
Data Sources and Methodology
This transparency report for Great Harbor Collection Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.